Cooper Creek Partners Management LLC Has $954,000 Stock Position in The Scotts Miracle-Gro Company $SMG

Cooper Creek Partners Management LLC cut its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 95.0% in the 1st quarter, Holdings Channel reports. The firm owned 15,686 shares of the basic materials company’s stock after selling 297,503 shares during the period. Cooper Creek Partners Management LLC’s holdings in Scotts Miracle-Gro were worth $954,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp increased its stake in shares of Scotts Miracle-Gro by 1.1% in the 2nd quarter. State Street Corp now owns 1,522,093 shares of the basic materials company’s stock valued at $100,397,000 after purchasing an additional 16,298 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Scotts Miracle-Gro by 161.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,289,974 shares of the basic materials company’s stock worth $78,443,000 after buying an additional 795,970 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Scotts Miracle-Gro by 29.5% in the third quarter. Ameriprise Financial Inc. now owns 1,165,367 shares of the basic materials company’s stock valued at $66,368,000 after buying an additional 265,677 shares in the last quarter. Captrust Financial Advisors boosted its stake in Scotts Miracle-Gro by 0.3% in the fourth quarter. Captrust Financial Advisors now owns 1,157,714 shares of the basic materials company’s stock valued at $67,553,000 after buying an additional 2,899 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in Scotts Miracle-Gro by 4.9% in the first quarter. Deprince Race & Zollo Inc. now owns 1,087,339 shares of the basic materials company’s stock valued at $66,121,000 after acquiring an additional 51,148 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Scotts Miracle-Gro from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Stifel Nicolaus dropped their price objective on shares of Scotts Miracle-Gro from $76.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Wall Street Zen upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. UBS Group boosted their target price on shares of Scotts Miracle-Gro from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $79.00 price target on shares of Scotts Miracle-Gro in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.00.

Scotts Miracle-Gro Price Performance

SMG opened at $69.42 on Friday. The Scotts Miracle-Gro Company has a fifty-two week low of $52.00 and a fifty-two week high of $75.34. The company’s 50 day moving average price is $63.70 and its two-hundred day moving average price is $63.96. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 38.78 and a beta of 1.81.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.56. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.41 billion. Scotts Miracle-Gro had a net margin of 3.27% and a negative return on equity of 79.61%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.98 earnings per share. As a group, equities research analysts predict that The Scotts Miracle-Gro Company will post 4.3 EPS for the current year.

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.